MUNICH – Reed Smith advised Greenstorm Mobility Group in relation to a multi-million investment by the London-based private equity house Bregal Milestone L.P. and the simultaneous organisation of the Greenstorm Group.

Greenstorm Mobility GmbH, operating since 2009 and headquartered in Tyrol, Austria, is a fast-growing start-up company with an innovative pan-European rental concept for e-mobility solutions for hotels.

Greenstorm equips hotels and corporate clients across Europe with e-bikes, Teslas, e-charging stations and other e-mobility solutions . After one season in rental, the bikes used in the hotel industry are comprehensively maintained and resold to specialist retailers and private individuals.

Greenstorm currently has nearly 1000 partner hotels around Europe. The investment by Bregal will enhance the service capacity of Greenstorm and boost the growth of the start-up. During the expansion in the coming two years, Greenstorm plans to establish its presence in most European countries and increase the number of partner hotels many times over. Greenstorm has received several awards for its development in its recent past, including the German Innovation Award and the Tyrolean Innovation Prize. 

Bregal Milestone L.P. is a member of the global investment firm Bregal Investments. With a fund of €400 million under management, Bregal Milestone focuses on providing non-control capital and strategic assistance to leading growth companies in the industry sector of technology, healthcare, business services, consumer, high value manufacturing and specialty finance.